Business & Finance

Infrastructure Concession Regulatory Commission, ICRC, and Dangote Group, yesterday, advised the Federal Government to hands off the running of the country’s refineries and instead concession the facilities, allowing private sector…
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The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says government is targeting about two billion dollars from the oil and gas lease licences renewal. Kachikwu disclosed this while fielding questions from newsmen at the…
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Oman Trading International is set to deliver first LNG to Bangladesh this week, three months ahead of the scheduled start of its long-term contract with state-owned Petrobangla, a senior official with the importer said Monday. The Cape…
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Cargo throughput, excluding crude oil, at Nigerian ports, witnessed the lowest performance in 2018 with a total of 35.9m tonnes. This was against the 2014 figure where cargo throughput witnessed the highest climb with 84.9m tonnes. …
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President/Chief Executive of Dangote Industries Limited, Aliko Dangote said the ongoing investment in refining, petrochemicals, fertiliser and gas is driven by the desire to bring innovation and efficiency into all aspects of Nigeria’s oil…
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The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday said Nigeria and Morocco have completed the feasibility study for the construction of the 5,660km Nigeria-Morocco Gas Pipeline.…
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Minister of State for Petroleum Resources, Dr. Ibe Kachikwu yesterday reiterated the prospects of Nigeria exporting human capacity in the oil and gas sector to other African countries. Speaking at the ongoing Nigerian International…
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The Department of Petroleum Resources (DPR) has explained how it generated $1 billion (N360 billion) from renewal bonuses of 22 oil blocks. According to the regulatory agency’s spokesman, Mr Paul Osu, there were no irregularities…
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AFRICAN Petroleum Producers Organisation (APPO), on Monday, announced that the organization is to mobilise about $2 billion of resources to fund critical areas of infrastructural collaboration in Africa. Its President and Nigeria’s…
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The Nigerian National Petroleum Corporation (NNPC) says only collaboration among African oil and gas producing countries in the development of industry infrastructure will ensure they are competitive on the global stage. The Group…
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